Re­new your rego to July and save money

Kaikoura Star - - NEWS -

Ve­hi­cle own­ers shouldn’t re­new their ve­hi­cle li­cences (‘‘rego’’) for 12 months, in or­der to save money ahead of forth­com­ing re­duc­tions in ACC le­vies, con­sumer groups say.

The Au­to­mo­bile As­so­ci­a­tion and Con­sumer NZ are both ad­vis­ing mo­torists whose ve­hi­cle li­cences need re­new­ing be­fore July 2015 to re­new for a shorter pe­riod so that it ex­pires shortly after 1 July.

From that date, an­nual mo­tor ve­hi­cle li­cence le­vies will re­duce by an av­er­age of 45 per cent for most ve­hi­cles (ex­cept mo­tor­cy­cles, mopeds, trail­ers and car­a­vans).

For cars less than 40 years old, the ac­tual re­duc­tion will vary ac­cord­ing to the car’s safety rat­ing, cal­cu­lated by ACC. The an­nual sav­ings will range from $ 42-$ 132 for petrol- pow­ered ve­hi­cles, and $82-$172 for diesels. ACC tax on petrol will also fall 3 cents per litre on July 1, 2015.

‘‘ Mo­torists re­li­cens­ing their ve­hi­cles for twelve months now will end up pay­ing too much. For some cars, the po­ten­tial sav­ings amount to $11 a month, so own­ers should think about re­new­ing their ve­hi­cle li­cence for a shorter pe­riod to save money,’’ says Con­sumer NZ Head of Test­ing Paul Smith.

AA prin­ci­pal ad­viser Mark Stock­dale says own­ers can re­li­cence their ve­hi­cles for any length of time.

‘‘ For ex­am­ple, if the mo­tor ve­hi­cle li­cence ex­pires in De­cem­ber, only re­new for seven months. To max­imise your sav­ings in Fe­bru­ary, only re­new it for five months.’’

‘‘ When mo­torists go to AA Cen­tres to re­new their ve­hi­cle li­cence, our staff will ad­vise them how many months they should re­li­cence their ve­hi­cle to max­imise sav­ings,’’ Mr Stock­dale said.

No longer safe: The bank vault – more re­cently a wine cel­lar at the White Morph ho­tel – suc­cumbs to mod­ern ma­chin­ery.

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